Steelhead Wealth Management LLC Takes Position in iShares MSCI USA Quality Factor ETF $QUAL

Steelhead Wealth Management LLC acquired a new position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) in the first quarter, HoldingsChannel.com reports. The firm acquired 62,976 shares of the company’s stock, valued at approximately $12,079,000. iShares MSCI USA Quality Factor ETF comprises about 6.1% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Advocate Investing Services LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter worth $25,000. Resources Management Corp CT ADV purchased a new position in iShares MSCI USA Quality Factor ETF in the 4th quarter worth about $27,000. Financial Life Planners bought a new position in iShares MSCI USA Quality Factor ETF during the 1st quarter valued at about $28,000. Ares Financial Consulting LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter valued at about $30,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $30,000.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of QUAL stock opened at $219.32 on Monday. iShares MSCI USA Quality Factor ETF has a 12-month low of $181.65 and a 12-month high of $221.16. The firm’s 50 day moving average is $216.70 and its 200 day moving average is $207.37. The stock has a market capitalization of $63.59 billion, a P/E ratio of 25.59 and a beta of 1.05.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.